Ryanair shareholders approve Boeing order

Ryanair shareholders have voted in favour of a deal to buy up to 200 Boeing 737 MAX planes at the airline's EGM.

The airline said the deal, when finalised, will be valued at more than $22 billion.

“This order will expand our fleet to approx 520 aircraft by 2024 and create another 10,000 new jobs for pilots, cabin crew and engineers in Europe, while allowing us to grow our traffic to over 150 million per annum,” Ryanair chief executive Michael O’Leary said.

He said the new aircraft will allow Ryanair to lower its costs and airfares.

The new airplanes will reduce fuel consumption by up to 18 per cent in Ryanair’s configuration and reduce noise emissions by 40 per cent.